Jan O'Sullivan (Limerick City, Labour) | Oireachtas source

As a former Minister for Housing, Planning, Community and Local Government the Tánaiste will know very well that the Irish League of Credit Unions has wanted to invest in building houses for some time. In fact the Tánaiste incorporated this into his own Rebuilding Ireland programme. The league's members have €750 million ready to go straight away but they need a special purpose vehicle to be set up. They have been in negotiations with Government for a long time but nothing has happened. Credit unions would work with the approved housing bodies, AHBs, to keep borrowing off the balance sheet. We need those homes. Will the Tánaiste make a commitment that over the summer work will be done to set up this special purpose vehicle so the Irish League of Credit Unions can invest some of their considerable assets in building homes for our people?

See this speech in context